370 W Spring AveArdmorePA19003
Nearby investment properties with comparable rents
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Ardmore at 370 W Spring Ave, Ardmore, PA, 19003 priced at $276,000 converts $1,911/mo rent into $102/mo cash flow after a $1,351/mo obligation. Total monthly income equals $1,911/mo, and annual cash flow totals $1,228/yr on $91,494 invested. Return on cash invested prints 21.25% in year one, and rental yield reads 8.31% against a $276,000 entry. Equity gained on principal adds $1,781/yr, while 5% annual appreciation compiles into $76,254 by year five. Five-year ROI reaches 110.55% and total cumulative return in cash sums $101,149. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,911/mo property income covering a $1,351/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1,306 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19003, Ardmore, PA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,467 (100%) |
| Owner Occupied HU | 3,774 (58.4%) |
| Renter Occupied HU | 2,356 (36.4%) |
| Vacant Housing Units | 337 ( 5.2%) |
| Median Home Value | $529,520 |
| Average Home Value | $612,182 |
Housing Distribution
Address Breakdown
Residential
6,005
Single Family
4,637
Multi-Family
1,368
Businesses
791
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